Log In/Sign up
Your email has been sent.
401-411 S Route 83 17,120 sq ft 100% Let Retail Property Grayslake, IL 60030 £1,076,437 (£62.88/sq ft)
INVESTMENT HIGHLIGHTS
- +/- 17,200 SF center on 1 Acre w/ 250’ of frontage on Rte. 83 in Grayslake
- Property and location PRIMED for repositioning this asset
- NOW FULLY LEASED!
- Priced way under replacement cost and well under average per sq. ft. retail building asking prices in comparable markets.
EXECUTIVE SUMMARY
NOW FULLY LEASED. New lease signed on larger 5,200sf unit. Hard to find a retail center with this low of a per sq. ft. price! The low acquisition cost leaves room for renovation costs to reposition the investment and capitalize on a location primed for success. Major road improvements right in front of center almost complete.
More major road improvements in very close proximity are in the planning/study stages. Many national tenants blocks away. New Industrial campus being advertised just to the north. High occupancies in the immediate area. Current tenant base at under market rents.
Location! Location! Location! Capitalize on this location surrounded by growth and excitement.
More major road improvements in very close proximity are in the planning/study stages. Many national tenants blocks away. New Industrial campus being advertised just to the north. High occupancies in the immediate area. Current tenant base at under market rents.
Location! Location! Location! Capitalize on this location surrounded by growth and excitement.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
17,120 sq ft
Costar Property Class
C
Year Built
1960
Price
£1,076,437
Price per sq ft
£62.88
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.39
Total Plot Size
1.00 ac
Use Class
GB
Parking
32 Spaces (1.87 Spaces per 1,000 sq ft Leased)
Frontage
250 ft on S IL Route 83
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-35-200-036 | Improvements Assessment | £107,760 |
| Land Assessment | £79,089 | Total Assessment | £186,849 |
PROPERTY TAXES
Parcel Number
06-35-200-036
Land Assessment
£79,089
Improvements Assessment
£107,760
Total Assessment
£186,849
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
401-411 S Route 83
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.